Bangladesh Post Office introduced the Electronic Money Transfer System (EMTS), a mobile payment support service similar to Kenya’s M-PESA, to helps citizens send money orders quickly and safely. EMTS data show dramatic increase in electronic money order issuance, amount remitted, and amount of commission that outnumbered corresponding figures of ordinary money orders. Also EMTS shortened the av...

In this paper, an attempt has been made for the design of a robotic library using an intelligent system. The robot works on the ARM microprocessor, motor driver circuit with 5 degrees of freedom with Wi-Fi and GPS based communication protocol. The authenticity of the library books is controlled by RFID. The proposed robotic library system is facilitated with embedded system and ARM. In this lib...

The paper describes model of a new type for valuation of risky bonds and loans that we call Bayesian Multi-Period (BMP) model. BMP is neither structural model nor reduced form and not a Merton-type model at all. BMP proceeds from concept of a risky bond (loan) value as Net Present Value (NPV) of a cash flow, generated by a bond. For a defaultable bond NPV is random value, and BMP identifies “fa...

The anomalies literature in capital markets research in finance and accounting is based (almost) exclusively on average realized returns. In contrast, we construct accountingbased expected returns for dollar-neutral long-short trading strategies formed on a wide array of anomaly variables, including book to market, size, composite issuance, net stock issues, abnormal investment, asset growth, i...

introduction: it is necessary to have exact, complete and up-to-date information about death of people in a society. this information can be useful in planning, determining priorities, distributing facilities, allocating budgets and rendering health care services justly. in this study, the methods and rules about registration, completion, issuances and collection of death certificates in esfaha...

Research of common stock offerings finds that the negative impact of issuance expenses can account for over three-fifths of the fall in the announcement period returns. Given the importance of issue costs, we extend the research by offering a model to estimate expected values for issue costs. This model can be used to generate the expected fall in stock value resulting from issue costs. We also...

We use mutual fund flows as a measure of individual investor sentiment for different stocks, and find that high sentiment predicts low future returns. Fund flows are dumb money–by reallocating across different mutual funds, retail investors reduce their wealth in the long run. This dumb money effect is related to the value effect: high sentiment stocks tend to be growth stocks. High sentiment a...